ePlus Announces Stock Repurchase Program
May 20 2020 - 4:30PM
Business Wire
ePlus inc. (NASDAQ NGS: PLUS – news) today announced that its
board of directors has authorized the Company to repurchase up to
500,000 shares of ePlus’ outstanding common stock over a 12-month
period commencing May 28, 2020. The Company’s current repurchase
plan will expire on May 27, 2020. ePlus had approximately 13.5
million shares of common stock outstanding as of May 19, 2020.
The purchases may be made from time to time in the open market,
or in privately negotiated transactions, subject to availability.
Any repurchased shares will have the status of treasury shares and
may be used, if and when needed, for general corporate purposes.
ePlus has no obligation to repurchase shares under the
authorization, and the timing, actual number and value of the
shares which are repurchased will be at the discretion of
management and will depend on a number of factors, including the
price of the Company's common stock. The Company may suspend or
discontinue repurchases at any time.
About ePlus inc.
ePlus is a leading consultative technology solutions provider
that helps customers imagine, implement, and achieve more from
their technology. With the highest certifications from top
technology partners and lifecycle services expertise across key
areas including security, cloud, data center, collaboration,
networking and emerging technologies, ePlus transforms IT from a
cost center to a business enabler. Founded in 1990, ePlus has more
than 1,500 associates serving a diverse set of customers in the
U.S., Europe, and Asia-Pac. The Company is headquartered at 13595
Dulles Technology Drive, Herndon, VA, 20171. For more information,
visit www.eplus.com, call 888-482-1122, or email info@eplus.com.
Connect with ePlus on Facebook, LinkedIn, Twitter and
Instagram.
ePlus, Where Technology Means More®.
ePlus® and ePlus products referenced herein are either
registered trademarks or trademarks of ePlus inc. in the United
States and/or other countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20200520005752/en/
Kleyton Parkhurst, SVP ePlus inc. kparkhurst@eplus.com
703-984-8150
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